×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Moodys | States | Debt | 2011

Moody's: States' Debt Rose 2.5% to $510 Billion in 2011

Tuesday, 22 May 2012 05:11 PM

Tax-supported debt for U.S. states rose to a net $510 billion in 2011 from $497 billion in 2010, according to Moody’s Investors Service.

The year-over-year increase of 2.5 percent is down from an annual rate as high as 10 percent in the previous two years, the New York-based company said Tuesday in a report.

The rate for 2012 will be “comparable or slightly higher than 2011 levels, but well below the large increases of 2009 and 2010,” according to the statement.

© Copyright 2022 Bloomberg News. All rights reserved.


81
2012-11-22
Tuesday, 22 May 2012 05:11 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved